BOC to e milling machine xtend RMB 300 bln in credit to Hubei

dw234ycv — Thu, 29 Dec 2011 08:38:22 +0000

BOC to e milling machine xtend RMB 300 bln in credit to Hubei
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BOC to extend RMB 300 bln in credit to HubeiPublished: 09 Mar 2009 18:35:36 PST

Mar. 9, 2009 (China Knowledge) – Bank of China (BOC)<601988><3988>, the nation’s second-largest lender, signed agreements with Hubei Provincial Government over the weekend to extend comprehensive credit worth up to RMB 300 billion for key projects, sources reported.

The credit line will be mainly used to finance transportation, infrastructure, electricity, iron and steel, automobile and agricultural projects.

The bank also signed a strategic development agreement with China Three Gorges Project Corp (CTGPC), extending as much as RMB 50 billion in credit for its key projects.

Furthermore, BOC’s Hubei branch also signed strategic cooperation agreements with Wuhan Iron and Steel (Group) Corp (Wisco), Dongfeng Automobile Co Ltd<600006> and China Gezhouba Group Co Ltd<600068>.

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SPIL pos Soutien-gorge ts NT$1.66 bln in Q2 net profit

dw234ycv — Thu, 29 Dec 2011 08:38:14 +0000

SPIL pos Soutien-gorge ts NT$1.66 bln in Q2 net profit
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SPIL posts NT$1.66 bln in Q2 net profitPublished: 30 Jul 2009 22:10:27 PST

Jul. 31, 2009 (China Knowledge) – Siliconware Precision Industries Co, the world’s second-largest chip packager and tester, on Wednesday posted second quarter net profit of NT$1.66 billion, down 31% year on year, its earnings per share were NT$0.54, sources reported.

SPIL’s revenue in Q2 2009 fell 10.8% from a year earlier to NT$14.14 billion. The gross margin was 20.7% during the period, compared with 20.6% in Q2 2008. Meanwhile, the firm’s operating margin was 15.6% in Q2 2009, compared with 2% in the quarter earlier and 15% in Q2 2008.

Although SPIL did not disclose the reasons about the net profit decrease, some analyst estimated that the weak demand along with a slowdown in orders from upstream clients are the main contributors to the result.

The firm’s revenue in the third quarter of this year will increase by 10% quarter on quarter, said SPIL Chairman Bough Lin, adding that there will be an increasing demand in the emerging markets during the period.

Some source indicated that SPIL will probably see a 15% quarter-on-quarter increase of orders from Intel in Q3, the Commercial Times reported earlier.

SPIL’s net income in H1 2009 reached NT$1.93 billion, with earnings per share of NT$0.62.

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BOC to e milling machine xtend RMB 300 bln in credit to Hubei

SPIL pos Soutien-gorge ts NT$1.66 bln in Q2 net profit